1stdibs.com (NASDAQ:DIBS) Trading 11.4% Higher – Here’s Why

1stdibs.com, Inc. (NASDAQ:DIBS) traded up 11.4% during mid-day trading on Tuesday . The stock traded as high as $4.10 and last traded at $3.82. 389,673 shares were traded during trading, an increase of 561% from the average session volume of 58,909 shares. The stock had previously closed at $3.43.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of 1stdibs.com from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of 1stdibs.com in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

1stdibs.com Price Performance

The firm’s 50-day simple moving average is $2.78 and its two-hundred day simple moving average is $2.68. The company has a market capitalization of $138.48 million, a price-to-earnings ratio of -6.95 and a beta of 1.06.

1stdibs.com (NASDAQ:DIBS) last issued its earnings results on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. 1stdibs.com had a negative net margin of 22.58% and a negative return on equity of 20.13%. The company had revenue of $22.14 million for the quarter, compared to analyst estimates of $22.19 million. On average, analysts expect that 1stdibs.com, Inc. will post -0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Melanie F. Goins sold 9,744 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $2.80, for a total value of $27,283.20. Following the sale, the general counsel directly owned 191,170 shares in the company, valued at $535,276. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas J. Etergino sold 19,391 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $2.80, for a total transaction of $54,294.80. Following the completion of the sale, the chief financial officer owned 240,937 shares in the company, valued at $674,623.60. This represents a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 102,342 shares of company stock worth $286,558. 23.48% of the stock is owned by company insiders.

Institutional Trading of 1stdibs.com

Several large investors have recently modified their holdings of DIBS. Jump Financial LLC acquired a new stake in shares of 1stdibs.com in the second quarter valued at approximately $30,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of 1stdibs.com in the second quarter valued at approximately $30,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of 1stdibs.com in the first quarter valued at approximately $42,000. Quadrature Capital Ltd acquired a new stake in shares of 1stdibs.com in the second quarter valued at approximately $42,000. Finally, Jane Street Group LLC acquired a new stake in shares of 1stdibs.com in the first quarter valued at approximately $45,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

1stdibs.com Company Profile

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.